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Shares of Tullow Oil plc (TLW.L) were losing around 60 percent in the morning trading in London after the company announced that its Chief Executive Officer Paul McDade resigned with immediate effect. Further, the company maintained fiscal 2019 production view, but said it sees weak production in fiscal...

HSBC Holdings plc (HSBA.L, HSBC) announced that Pam Kaur, Head of Wholesale Market and Credit Risk, will be appointed as Group Chief Risk Officer, effective 1 January 2020. Samir Assaf will be stepping down as CEO of Global Banking and Markets, effective 1 March 2020. He will be appointed as Chairman...

United Internet AG (UDIRF.PK) Monday said it has decided to make a share buyback offer to its shareholders for a total of up to 9 million shares at a price of 29.65 euros per share. Concurrently, Rocket Internet SE irrevocably undertook to accept United Internet's share buyback offer for 8.14 million...

Senior plc (SNR.L), a manufacturer of high technology components and systems, Monday confirmed that it has been reviewing all strategic options for its Aerostructures business. This includes an early stage assessment of a potential divestment of the division. The company issued the statement in response...

National Grid plc (NG.L, NGG) has submitted its final business plans to Ofgem for its UK Electricity and Gas Transmission businesses, as well as the Electricity System Operator, for the 2021-2026 RIIO-2 period. The Electricity Transmission plan has a baseline totex spend of 7.1 billion pounds over the...

Air France KLM (AFRAF.PK) reported that, for total group (Air France, KLM, and Transavia), traffic measured in revenue pax-kilometers increased 3.6% year-over-year for the month of November to 22.54 billion. Capacity, measured in available seat-kilometers, was 25.79 billion, up 2.3%. Load factor was...

French drug maker Sanofi (SNYNF, SNY) announced Monday that it has agreed to acquire Synthorx, Inc. (THOR), a clinical-stage biotechnology company, for $68 per share in cash. The deal represents an aggregate equity value of about $2.5 billion. The transaction was unanimously approved by both the Sanofi...

Janssen Biotech Inc., a Janssen Pharmaceutical Company of Johnson & Johnson, said that it agreed to acquire all rights to the investigational compound bermekimab from XBiotech Inc. Bermekimab is an anti-IL-1alpha monoclonal antibody (mAb) in Phase 2 development for the treatment of atopic dermatitis...

Eli Lilly and Co. (LLY) announced interim clinical data from the LOXO-305 global Phase 1/2 BRUIN dose escalation trial. LOXO-305 is an investigational, highly selective, non-covalent Bruton's tyrosine kinase (BTK) inhibitor. At all doses studied, LOXO-305 delivered objective responses in patients...

Sweden's telecoms giant Ericsson agreed to pay penalties of more than $1 billion to settle the U.S. government's investigation into violations of the Foreign Corrupt Practices Act arising out of the company's scheme to make and improperly record tens of millions of dollars in improper payments around...

Dominion Energy Ohio has asked its customers do not provide banking or other personal information to scammers who claim such data is required to receive a new federal tax cut credit. The company reminds customers they will begin receiving those credits automatically, beginning in April 2020, in their...

Alexion Pharmaceuticals, Inc. (ALXN) said the company has recently engaged in good faith with Elliott Advisors (UK) Limited, an affiliate of Elliott Management, to listen their recommendation that Alexion Pharma immediately launch a proactive sale process. The Board of Alexion Pharma unanimously decided...

United Natural Foods, Inc. (UNFI) has entered into definitive agreements to sell 13 of its 43 Shoppers Food & Pharmacy stores. In connection with these deals with three separate grocery operators, Shoppers intends to wind down operations at these locations. The company will also close four additional...

International Cons Airlines Group (IAG.L, BAIRY.PK, BAY.L) reported that its traffic in November, measured in revenue passenger kilometres, were up by 4.9 percent, while capacity measured in available seat kilometres rose by 1.0 percent. Passenger load factor was 83.9%, up 3.2 percentage points from...

BMW Group (BMW.L, BAMXF.PK, BAMXY.PK) recorded that its November worldwide deliveries increased by 1.4 percent year-on-year to 225,662 units. Total sales of BMW brand vehicles rose 2.9 percent to 194,690 units. For the year to the end of November period, deliveries were up 1.7 percent, with a total...

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